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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Jun. 30, 2024
Current assets    
Cash $ 2,924,176 $ 7,888,711
Accounts receivable and other receivable, net 25,177,485 25,465,044
Other current assets 1,875,381 1,624,611
Prepaid expenses 812,691 1,129,435
Loan receivables 861,554 1,877,131
Total current assets 31,651,287 37,984,932
Non-current assets    
Restricted cash – non-current 2,061,673 2,061,673
Long-term loan receivables 3,921,243 2,908,636
Property and equipment, net 11,785,272 11,010,407
Intangible assets, net 83,880 92,708
Right-of-use assets – operating leases 106,899,045 111,955,448
Right-of-use assets – finance leases 270,762 309,496
Other non-current assets 817,641 711,556
Total assets 157,490,803 167,034,856
Current liabilities    
Accounts payable and accrued liabilities 5,574,620 7,502,339
Contract liabilities 774,711 276,463
Income taxes payable 57,589
Accrued payroll liabilities 779,680 405,250
Operating lease liabilities – current 26,272,945 24,216,446
Finance lease liabilities – current 155,625 155,625
Total current liabilities 33,907,790 32,963,921
Non-current liabilities    
Operating lease liabilities – non-current 88,695,370 93,126,092
Finance lease liabilities – non-current 133,852 169,683
Deferred income tax liabilities 162,957 1,536,455
Total liabilities 122,899,969 127,796,151
Commitments and contingencies
Stockholders’ equity    
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 41,634,000 issued and outstanding as of September 30, 2024 and June 30, 2024, respectively 416 416
Additional paid-in capital 15,468,864 15,468,864
Retained earnings 19,121,554 23,769,425
Total stockholders’ equity 34,590,834 39,238,705
Total liabilities and stockholders’ equity 157,490,803 167,034,856
Related Party    
Current liabilities    
Due to related parties $ 350,209 $ 350,209